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Does the taxable income amount include capital gains to determine what the capital gains tax rate will be if I plan to sell a stock?
For joint filers with Taxable Income is less than 83,350 the Fed Cap gain tax rate is ZERO% then 15% if income is above 83,350. But if my only earned income is $80k and sell stock with $100k Cap Gains does that mean my taxable income is now higher ($180k) therefore resulting in a higher Cap Gain rate of 15%?
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March 10, 2023
6:58 PM